Alpha Omega DAO

The Need for Alpha & Omega

According to the researchers' analysis of U.S. Census, Bureau of Labor Statistics, and National Center for Education Statistics data for the years 1980 to 2019, college costs have increased by 169% over the past four decades — while earnings for workers between the ages of 22 and 27 have increased by just 19%.
Paideia will solve this by creating a free-floating reserve educational currency, OX, that is backed by a basket of educational assets (PAI) and offers savings rewards. By combining OX with OM (Our validator nodes for Paideia), those seeking knowledge can achieve lifelong free learning.

Is OX a stablecoin?

No, OX is not a stablecoin. Rather, OX aspires to become the algorithmic educational reserve currency backed by other decentralized assets. Similar to the idea of the gold standard, OX provides free-floating value its users can always fall back on, simply because of the fractional treasury reserves OX draws its intrinsic value from.
OX is backed, not pegged
Each OX is backed by 1 USD of a stable coin, not pegged to it. Because the treasury backs every OX with at least 1 USD worth of a stablecoin, the protocol would buy back and burn OX when it trades below 1 USD. This has the effect of pushing OX price back up to 1 USD. OX could always trade above 1 USD because there is no upper limit imposed by the protocol. Think pegged == 1, while backed >= 1.
So, the OX floor price or intrinsic value is 1 USD. We believe that the actual price will always be 1 USD + premium, but in the end that is up to the market to decide.

How does it work?

At a high level, Paideia consists of a layer one core blockchain with three side chains, a protocol managed treasury, protocol owned liquidity (POL), bond mechanism, savings returns, and shares of validator nodes with rewards paid for with the transaction fees (gas) from the network. A system that is designed to control credit supply, transaction validation, and monetization of the education system.
As well, employers can sponsor students and educational Bond sales generate extra profit for the protocol, and the treasury uses the profit to mint OX and distribute them to stakers. With liquidity bonds, the protocol is able to accumulate its own liquidity.